Good day everyone,i would be writing about the BRAVO PLATFORM like i did the last time,click on this link in order to have an overview of it https://steemit.com/cryptocurrency/@adelekejustin01/introduction-to-bravo-built-for-a-new-generation-that-demands-simplicity-privacy-and-anonymity-in-payments .Today i would be writing further on the following;
A) PROBLEMS
B) SOLUTIONS PROVIDED BY BRAVO
PROBLEMS
BRAVO solves various obstacles within the current payments market, user privacy, the
blockchain and cryptocurrency methods of payment. The technology is robust but there are still
significant challenges we aim to improve and solve.
- Globally, we are moving to a cashless society, yet billions of people are
unbanked and must rely on cash to earn a living and to pay for goods and
services. - Cryptocurrency remains largely inaccessible to most people and businesses due
to its complexity. - Mass adoption of existing blockchain payment platforms have been negatively
affected by their design and lack of user-friendly interfaces. They have a
complicated onboarding process and key management system, and fall short in
terms of anonymity and security. Transaction fees can be expensive and the
platforms slow due to high latency.16 16 This complex and at times clunky user
experience forgoes the simplicity and strength of the blockchain technology.
Globally, we are moving to a cashless society, yet billions of people are
unbanked and must rely on cash to earn a living and to pay for goods and
services. - Privacy and security of payments and personal data continues to worry
consumers. Blockchain seems like a solution but implementation is hard and
transactions potentially traceable.
SOLUTIONS
BRAVO is creating a blockchain-powered mobile payments platform that addresses the
technological challenges with the current micropayments market while increasing its usability
and adoption for both consumers and businesses.
- After proven success with mobile fiat transactions, our team began developing
our blockchain platform to run the BRAVO mobile payments app and support
enhanced anonymity and security, improved cryptocurrency wallet sign up and
onboarding process, and a simple PIN access code that improves usability. Since
launching our MVP and beta version in U.S., our team focused on improving
onboarding, KYC/AML compliance, data encryption, tokenization and security. - With the BRAVO app, there is no need for long public or private keys or
third-party custodians of keys or funds. Users have a simple but secure
password recovery protocol to ensure full control and access to their tokens and
funds. BRAVO runs on a proprietary blockchain platform created by our
engineering team to optimize security, integrity and functionality. We created an
Incognito Payments protocol as a solution for enhanced privacy. - Users have full control of privacy, funds and payments which are executed in
seconds without intermediary bank or third party blockchain platforms and no
hidden fees. BRAVO is also designed to integrate with, and power other
applications. - The BRAVO blockchain is the culmination of years of research, user feedback,
design and engineering. Blockchain technology will allow BRAVO to scale at a
faster rate and accommodate a much larger user base. It not only enhances
user anonymity and transaction transparency, but it also broadens the
applicability and reach by expanding the BRAVO ecosystem globally with a
single platform that is seamless and consistent.
THANKS FOR READING.
To know more about this platofrm;
visit the website: https://bvo.trybravo.com/
join the telegram group: https://t.me/BRAVOPay
whitepaper link: https://bvo.trybravo.com/BRAVO_Whitepaper_V1.pdf
facebook link: https://www.facebook.com/bravopay/
twitter link: https://twitter.com/Bravo_Pay
my bitcointalk link: bitcointalk.org/index.php?action=profile;u=1070043